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that's were tied to manufacturing or labor it's an economy based on transactional ism it's an economy based on financial fraud as long as the fraud keeps going then you know the economy will exist in this existential. nightmare called global financial ization a little but to suddenly say that the economy is broke as if that means anything so is the same thing for every economy in europe or economy in the world because there are six hundred trillion derivatives the total total global g.d.p. is sixty trillion there's ten times more debt just a nominal basis if you add in the float derivatives there's twenty times more debt than there is actual g.d.p. there is no economy there there's no collateral there is just flow it's just flow it's frozen flow got to ring the fraud it's from close to bluff after the f. to the q it's f q it's f u q q it's fraud low fi that's all there is to it that's what they generate to generate their salary bonuses that's all or is well this finance minister after saying that they're a credible country they're a solvent country they're a recovering country it's al
that's were tied to manufacturing or labor it's an economy based on transactional ism it's an economy based on financial fraud as long as the fraud keeps going then you know the economy will exist in this existential. nightmare called global financial ization a little but to suddenly say that the economy is broke as if that means anything so is the same thing for every economy in europe or economy in the world because there are six hundred trillion derivatives the total total global g.d.p. is...
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Jan 31, 2013
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economy. on the jobs front, a strong payrolls report showed private employers added 192,000 jobs in january, much more than economists expected. but the commerce department said economic growth, contracted in the last three months of 2012. the g.d.p. shrank by 0.1% the first time that's happened since the financial crisis began. the fed said in its policy statement today that it continues to see "downside risks" to the economy. unemployment is still "elevated". but household and business spending advanced. >> susie: darren gersh begins our coverage with that weak reading on the economy. >> reporter: last quarter, defense spending fell off the fiscal cliff. as lawmakers bickered, manufacturers who make things for the pentagon cut back production sharply-- defense spending fell 22% in the latest g.d.p. report, tipping the economy into the red. >> certainly manufacturers are pulling back and i think this is a bit of a wake up call that these cuts are real and that they have real effects on the ec
economy. on the jobs front, a strong payrolls report showed private employers added 192,000 jobs in january, much more than economists expected. but the commerce department said economic growth, contracted in the last three months of 2012. the g.d.p. shrank by 0.1% the first time that's happened since the financial crisis began. the fed said in its policy statement today that it continues to see "downside risks" to the economy. unemployment is still "elevated". but household...
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Feb 4, 2013
02/13
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what is the source of the real income of the economy? the goods that the economy produces. kuznets' studies illuminated the structure of the economy, but also they did more. imagine trying to plan a major war effort without knowing the size of the real gnp that your economy is producing. as the nation prepared for world war ii, this was no academic question. the militarists of berlin and tokyo started this war, but the massed, angered forces of common humanity will finish it. january 6, 1942. president franklin roosevelt is giving the country its marching orders. the success of those orders in winning world war ii depended on the american economy. for months, the issue of how to prepare for war without actually fighting swung back and forth from congress to the white house. economists were trying to answer the critical question, how much could the economy produce and how fast? german armies moved through europe in 1940, pushing allied forces into the sea at dunkirk. fdr took only tentative steps because of pressures to keep america out of war. in 1940, congress agreed to on
what is the source of the real income of the economy? the goods that the economy produces. kuznets' studies illuminated the structure of the economy, but also they did more. imagine trying to plan a major war effort without knowing the size of the real gnp that your economy is producing. as the nation prepared for world war ii, this was no academic question. the militarists of berlin and tokyo started this war, but the massed, angered forces of common humanity will finish it. january 6, 1942....
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with whether the economy is bankrupt or not bankrupt assaut about having an accounting of the economy with inputs and outputs and a g.d.p. that's were tied to manufacturing or labor it's an economy based on transactional ism it's an economy based on financial fraud as long as the fraud keeps going then you know the economy will exist in this existential. nightmare called global financial ization a little but to suddenly say that the economy is broke as if that means anything so is the same thing for every economy in europe or economy in the world because there are six hundred trillion derivatives the total total global g.d.p. is sixty trillion there's ten times more debt just a nominal basis if you add in the float derivatives there's twenty times more debt than there is actual g.d.p. there is no economy there there's no collateral there it's just flow it's just flow it's frozen flow got to ring of fraud it's fraud float trip left after the f a q f q q q it's not you it's fraud low fee that's all there is to it that's what they generate to generate their salary bonuses that's all or i
with whether the economy is bankrupt or not bankrupt assaut about having an accounting of the economy with inputs and outputs and a g.d.p. that's were tied to manufacturing or labor it's an economy based on transactional ism it's an economy based on financial fraud as long as the fraud keeps going then you know the economy will exist in this existential. nightmare called global financial ization a little but to suddenly say that the economy is broke as if that means anything so is the same...
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by growing the economy. consumer confidence at this point, i don't buy the payroll tax as much as i say what's the next shoe going to drop? this idea of raising taxes and spending at the same time, people are starting to figure out it doesn't add up. >> jonas, there is a lot of debt out there. how can you take care of that mess without tax hikes and spending cuts? >> stackses are a lot lower than they were through jfk's administration for sure. look, i don't think anyone would argue gary's point that when you raise taxes, you cut spending and it hurts the economy. it's a drag on the economy. you are cutting into spending the people are doing, taking it and paying off our debt. however, a bigger drag on the economy, probably the only bigger drag is when a government basically goes broke because they can't pay their debt, like what happened in greece and ireland and other countries that didn't have the tax base to support the spending the politicians hand. the taxes are going to have to go up. the question is
by growing the economy. consumer confidence at this point, i don't buy the payroll tax as much as i say what's the next shoe going to drop? this idea of raising taxes and spending at the same time, people are starting to figure out it doesn't add up. >> jonas, there is a lot of debt out there. how can you take care of that mess without tax hikes and spending cuts? >> stackses are a lot lower than they were through jfk's administration for sure. look, i don't think anyone would argue...
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Jan 31, 2013
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the private economy did well up 3.4%. it was the government economy that fell. i would like to see us finishing the spending cuts of the government. shrink the government more. grow the private economy by 5%. that is my vision. now there is more bad news for new jersey senator bob menendez as the fbi raids the offices of one of his close financial backers. will it present key evidence in the alleged prostitution scandal surrounding the senator. it's all unconfirmed but the potential legal fallout is huge. >>> israel takes no chances. the air force launches two air strikes in syria preventing the assad regime from transporting chemicals and weapons of mass destruction to hezbollah. if the red line is crossed israel will attack again. we cover it all. "the kudlow report" begins now. first up we learned today the fourth quarter gdp fell slightly, much to everybody's surprise. so the white house is blaming republicans for the fiscal tax cliff and the spending sequester which i think is hilarious. they invented the sequester. we have had tax, spend and regulate polic
the private economy did well up 3.4%. it was the government economy that fell. i would like to see us finishing the spending cuts of the government. shrink the government more. grow the private economy by 5%. that is my vision. now there is more bad news for new jersey senator bob menendez as the fbi raids the offices of one of his close financial backers. will it present key evidence in the alleged prostitution scandal surrounding the senator. it's all unconfirmed but the potential legal...
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that's were tied to manufacturing or labor it's an economy based on transactional ism it's an economy based on financial fraud as long as the fraud keeps going then you know the economy will exist in this existential. nightmare called global financial ization a little but to suddenly say that the economy is broke as if that means anything so is the same thing for every economy in europe their economy in the world because there are six hundred trillion in derivatives the total total global g.d.p. is sixty trillion there's ten times more debt just a notable basis if you add in the flow derivatives there's twenty times more debt than there is actual g.d.p. there is no economy there there's no collateral there is just flow it's just flow it's frozen flow got through in the fraud it's from float to bluff after the f a q it's f q it's f u q it's fraud low fi that's all there is to it that's what they generate to generate their salary bonuses that's all or is well this finance minister after saying that they're a credible country they're a solvent country they're a recovering country it's al
that's were tied to manufacturing or labor it's an economy based on transactional ism it's an economy based on financial fraud as long as the fraud keeps going then you know the economy will exist in this existential. nightmare called global financial ization a little but to suddenly say that the economy is broke as if that means anything so is the same thing for every economy in europe their economy in the world because there are six hundred trillion in derivatives the total total global...
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that's were tied to manufacturing or labor it's an economy based on transactional ism it's an economy based on financial fraud as long as the fraud keeps going then you know the economy will exist in this existential. nightmare called global financial ization a little but to suddenly say that the economy is broke as if that means anything so is the same thing for every economy in europe their economy in the world because there are six hundred trillion in derivatives the total total global g.d.p. is sixty trillion there's ten times more debt just to no little basis if you add in the flow derivatives there's twenty times more debt than there is actual g.d.p. there is no economy there there's no collateral there is just flow it's just flow it's frozen flow got during the fraud it's from float to bluff after the f. to the q it's f q it's f u q. it's fraud low fi that's all there is to it that's what they generate to generate their salary bonuses that's all or is well this finance minister after saying that they're a credible country they're a solvent country they're a recovering country i
that's were tied to manufacturing or labor it's an economy based on transactional ism it's an economy based on financial fraud as long as the fraud keeps going then you know the economy will exist in this existential. nightmare called global financial ization a little but to suddenly say that the economy is broke as if that means anything so is the same thing for every economy in europe their economy in the world because there are six hundred trillion in derivatives the total total global...
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Jan 31, 2013
01/13
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and germany are strong economies-- the 5th and 7th largest economies in the world-- and they continue to be very significant trading partners, even though their growth rates are stagnant. >> reporter: people move for many reasons-- not just a new job. it could be marriage, or a desire for a warmer climate. but there's no denying migration patterns tell a lot about regional economic differences. so where are workers moving to in the u.s.? >> washington d.c. has been the top destination for several years now. i think that's a reflection of the growth of not only governmental activity in washington, but it's defense contractors, and folks who are there to protect the interests of their company. >> reporter: oregon, nevada, north carolina, and south carolina are also popular places to move. on the other hand, states like new jersey, illinois, west virginia, new york, and new mexico had an exodus of workers. many of those departures are rooted in lack of jobs, high taxes, and expensive housing. economists are pleased to see a pick-up in moving, because it reflects greater job opportunities
and germany are strong economies-- the 5th and 7th largest economies in the world-- and they continue to be very significant trading partners, even though their growth rates are stagnant. >> reporter: people move for many reasons-- not just a new job. it could be marriage, or a desire for a warmer climate. but there's no denying migration patterns tell a lot about regional economic differences. so where are workers moving to in the u.s.? >> washington d.c. has been the top...
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Feb 2, 2013
02/13
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the economy grows more slowly. government is a significant part of the economy. and if we learned anything, which you suggest we haven't, if we were going to learn from this, what we would learn is in fact you cut the government spending at a time like this you're going to grow more slowly. now the sequester threatens $85 billion of cuts in 2013. and most estimates are that could take another half of a percentage point off of gdp. like i said, if we're growing at somewhere around 1.2% we can't afford that. why is the market -- the dow hit 14,000 today, doing very, very well. >> i think i can explain it. >> explain it, enlighten me. >> so far, we have been talking exclusively about the united states. although i did mention austerity and europe. but corporate profitability is doing well. well, if you're a multi-national corporation that can sell into developing economies in asia, for example, then your profitability doesn't depend on the united states getting it right. it doesn't depend on the congress rejecting austerity. what it does is go where there is growth.
the economy grows more slowly. government is a significant part of the economy. and if we learned anything, which you suggest we haven't, if we were going to learn from this, what we would learn is in fact you cut the government spending at a time like this you're going to grow more slowly. now the sequester threatens $85 billion of cuts in 2013. and most estimates are that could take another half of a percentage point off of gdp. like i said, if we're growing at somewhere around 1.2% we can't...
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the economy. how do you capitalize? start with understanding that today smart is the new rich. who better to have on than the smartest, richest man in the u.s., bill gates? you'll hear from him in a moment. >>> plus, media mogul arianna huffington on creating jobs. first, the soaring stock market. does that mean the economic recovery is real or is something else going on here? >>> looming budget cuts. >> we can't keep spending money we simply do not have. >> tax uncertainty. >> the deficit is still too high. >> gridlock over how to fix it. if it weren't for politicians in washington, 2013 could be a boom year. take a step back. your home, your investments, your job. the three ways most people build wealth are all set to take off. home prices rose 5.5% in november, biggest jump in six years, stocks are at five-year highs, near records. the dow is up 800 points in just four weeks. jobs are coming back. things are looking bright in 2013, but to capitalize, you'll have to get ready. and get smart. bec
the economy. how do you capitalize? start with understanding that today smart is the new rich. who better to have on than the smartest, richest man in the u.s., bill gates? you'll hear from him in a moment. >>> plus, media mogul arianna huffington on creating jobs. first, the soaring stock market. does that mean the economic recovery is real or is something else going on here? >>> looming budget cuts. >> we can't keep spending money we simply do not have. >> tax...
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the economy? it's shrinking. gdp contracting last year for the first time in four years and consumer confidence tanking as that payroll tax hike cuts into workers' paychecks. add it all up, is it time to strike calls for more tax hikes? down. i'm brenda buttner, this is "bulls & bears." we've got gary smith, tobin smith, jonas max ferris, and john layfield and susan fox. the white house and democratic leaders still pushing tax hikes. should they be? >> absolutely not, brenda. what i don't understand is how you can propose tax hikes without looking at what the scholars say, the studies say. look, if there was studies out there says raising taxes, great for the economy, i'd get behind it. but you know what, brenda? every single scholarly study for the past 15 years has said one thing: higher taxes, negatively impact growth. it's funny, forget all that, though. if you just look anecdotally, when the left wants to inhibit behavior, whether it's energy consumption or cigarette smoking or any one of the other things th
the economy? it's shrinking. gdp contracting last year for the first time in four years and consumer confidence tanking as that payroll tax hike cuts into workers' paychecks. add it all up, is it time to strike calls for more tax hikes? down. i'm brenda buttner, this is "bulls & bears." we've got gary smith, tobin smith, jonas max ferris, and john layfield and susan fox. the white house and democratic leaders still pushing tax hikes. should they be? >> absolutely not,...
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Feb 4, 2013
02/13
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now, he asked about other european economies. the fact is it you listen to the european union, the oecd, or the i.m.f., they all point out that britain will have the fastest growth of any major economy in europe this year. but i have to ask him, what is his plan? we all know it. it's a three-point plan, more spending, more borrowing, more debt. exactly the things that got us into the mess in the first place. >> i have to say that we have got used to that kind of answer from the prime minister. he promises a better tomorrow and tomorrow never comes. that is the reality. and he couldn't deny the fact that we're 18th out of 20 countries. we've done worse than the u.s.a., worse than canada, worse than germany, worse than france because of his decisions. now, last week, the chief economist of the i.m.f. said this. he said, if things look bad at the beginning of 2013, which they do -- and he was talking about the u.k. then there should be a reassessment of fiscal policy. so, mr. speaker, after two years of no growth, can the prime mini
now, he asked about other european economies. the fact is it you listen to the european union, the oecd, or the i.m.f., they all point out that britain will have the fastest growth of any major economy in europe this year. but i have to ask him, what is his plan? we all know it. it's a three-point plan, more spending, more borrowing, more debt. exactly the things that got us into the mess in the first place. >> i have to say that we have got used to that kind of answer from the prime...
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Jan 29, 2013
01/13
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the point is, we have a down economy, that flat economy. we're not pulling anything away from the private sector. i was making the point about barnes and noble, and the point is that business -- i've never seen a business that says i'm going to go out and invest because the government's cutting spending on education. >> i think it gives confidence. i don't think -- dean baker is a terribly smart guy, but doesn't understand how business people think. business people want lower spending and lower deficits and loafer taxes. isn't that true? phil, the confidence factor alone, we're not greece. that's going to help us. >> yeah, look, we've still got a tremendous amount of capital on the sidelines. we've essentially got a capital strike, business profits have been very high, but they're not being reinvested. and that's because of all of the uncertainty about this enormous federal government that we've got and whether we're going to get it under control or it's going to continue to have an ever increasing footprint that's going to crowd out the pr
the point is, we have a down economy, that flat economy. we're not pulling anything away from the private sector. i was making the point about barnes and noble, and the point is that business -- i've never seen a business that says i'm going to go out and invest because the government's cutting spending on education. >> i think it gives confidence. i don't think -- dean baker is a terribly smart guy, but doesn't understand how business people think. business people want lower spending and...
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that's were tied to manufacturing or labor it's an economy based on transactional ism it's an economy based on financial fraud as long as the fraud keeps going then you know the economy will exist in this existential. nightmare called global financial ization a little but to suddenly say that the economy is broke as if that means anything so is the same thing for every economy in europe or economy in the world because there are six hundred trillion in derivatives the total total global g.d.p. is sixty trillion there's ten times more debt just a notable basis if you add in the flow derivatives there's twenty times more debt than there is actual g.d.p. there is no economy there there's no collateral there is just flow it's just flow it's frozen flow got to ring the fraud it's fraud flows to bluff after the f a q f q q q. it's fraud low fi that's all there is to it that's what they generate to generate their salary bonuses that's all or is well this finance minister after saying that they're a credible country they're a solvent country they're a recovering country it's all fine he then w
that's were tied to manufacturing or labor it's an economy based on transactional ism it's an economy based on financial fraud as long as the fraud keeps going then you know the economy will exist in this existential. nightmare called global financial ization a little but to suddenly say that the economy is broke as if that means anything so is the same thing for every economy in europe or economy in the world because there are six hundred trillion in derivatives the total total global g.d.p....
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Jan 31, 2013
01/13
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>> the economy is shrinking and the economy is playing the blame game. charles: welcome, everyone, i am charles payne in for neil cavuto. the administration is saying that it was hurricane sandy and defense spending cuts and uncertainty about marcotte. one more quarter and we are in a double dip recession with us tonight is xander -- sandra smith. >> that's right, they are trying to use this report. uncertainty when it comes to tax dollars in borrowing more money. charles: the mass media, i saw a report in new york. six reasons this wasn't a bad record. did you see that? >> the media was trying to spin this in every way that they could. they were trying to make it look like a god for them. what we need to do is say that as a lack of economic growth policy. where is the job growth policies? right now we have consumer confidence levels that we just got this week. they are plummeting because people are seeing their paychecks shrink as a result of the expirations of payroll tax cuts. people have less money to spend, they are less optimistic about the future.
>> the economy is shrinking and the economy is playing the blame game. charles: welcome, everyone, i am charles payne in for neil cavuto. the administration is saying that it was hurricane sandy and defense spending cuts and uncertainty about marcotte. one more quarter and we are in a double dip recession with us tonight is xander -- sandra smith. >> that's right, they are trying to use this report. uncertainty when it comes to tax dollars in borrowing more money. charles: the mass...
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Feb 6, 2013
02/13
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now the economy is still hurting. it is growing slowly but it is clearly a heck of a lot healthier than it was four years ago. and yet none of the discussion is about the short-term macro picture. it's entirely about the medium-term fiscal picture. and, unfortunately, i don't see us making any significant progress on that. frankly, anytime in the next two years but i think they are out of scale and i think it's sort of going to be ugly arguments that little progress will be coming. >> let me jump in for a second. you said you wanted us to debate. [laughter] i don't think the focus is all change to the medium-term deficit in fact the reason i think it's sort front and center is precisely because it has to be part of the discussion on jobs i do think the president cares deeply about the fact that we still have an unemployment rate just slightly below 80%, that is an unbelievable tragedy. i think realistically if you're going to do more infrastructure spending or you're going to make the kind of investments we need to ma
now the economy is still hurting. it is growing slowly but it is clearly a heck of a lot healthier than it was four years ago. and yet none of the discussion is about the short-term macro picture. it's entirely about the medium-term fiscal picture. and, unfortunately, i don't see us making any significant progress on that. frankly, anytime in the next two years but i think they are out of scale and i think it's sort of going to be ugly arguments that little progress will be coming. >> let...
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they had a totally unbalanced economy. what is happening under this government is a million private sector jobs, unemployment down since the election, the fastest way to business reaction in our recent history, a balance of payment service in cars. we are clearing up the mess they made. they are doomed to repeat the mistakes of the past because they haven't learned the lessons and that's what the british public will never trust them with the economy i can. [shouting] >> thank you, mr. speaker. like the prime minister, i want to see a fresh a settlement for euro. german beer drinkers made 13 times more duty than british drinkers. and spanish drinkers -- british drinkers paid 9.2% in spanish tankers and 10,000 more duty than spanish drinkers. will he take the chancellor for a pint? and do something for british pubs and british republicans speak with my honorable friend quite rightly speaks up for -- i remember visiting the great bravery with him during the last election. i'm sure the chancellor would have listened very caref
they had a totally unbalanced economy. what is happening under this government is a million private sector jobs, unemployment down since the election, the fastest way to business reaction in our recent history, a balance of payment service in cars. we are clearing up the mess they made. they are doomed to repeat the mistakes of the past because they haven't learned the lessons and that's what the british public will never trust them with the economy i can. [shouting] >> thank you, mr....
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economy shrunk. >> the new report suggests that this economy still has not really fully recovered from the financial crisis four years ago. >> it was the democrats are saying? this is the best-looking contraction that there has ever been. >> it's disheartening, although we have moved at least temporarily beyond flirtation with default, to see republican leaders say, visequester in my back pocket. it's not a game. it's the american economy. >> you remember what this administration's growth forecasts were? for the next three to four years? their growth forecasts were anywhere between 3 and 4/2 percent. we are not growing. >> have you heard of a poor man spending himself into prosperity? >> it's just sad to see this happening right in front of our ice. >> there is more work to do. and our economy is facing a major headwind and that's republicans in congress. >> if there were republicans in the white house, we have been in a recession. if there were a republican in the white house, it would be's depression. if there were a republican in the white house, it would be doing impeachment hearin
economy shrunk. >> the new report suggests that this economy still has not really fully recovered from the financial crisis four years ago. >> it was the democrats are saying? this is the best-looking contraction that there has ever been. >> it's disheartening, although we have moved at least temporarily beyond flirtation with default, to see republican leaders say, visequester in my back pocket. it's not a game. it's the american economy. >> you remember what this...
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economy. it is going down again. even as president obama's poll numbers are going up are we the people completely clueless? we have a special report. you al gore are doing business with this country that's enabling your ultimate foe climate change. >> i think i understand what you are getting at. [ laughter ] >> bill: even david letterman is pounding al goren othe hypocrisy of making money from big oil. we will show you how gore is being treated by the left-wing media. >> isn't there a contradiction in that? also tonight dennis miller on the most popular tv personalities in america and my interview with collin powell last night. caution, you are about to enter the no spin zone. the factor begins right now. >> bill: hi, i'm bill o'reilly. thanks for watching us tonight. bad economic news but it doesn't seem to matter to the folks. that is the sung of this evening's talking points memo. last quarter, the economy fell back. in fact, it was the worst economic performance since the second quarter of 2009 when the recessio
economy. it is going down again. even as president obama's poll numbers are going up are we the people completely clueless? we have a special report. you al gore are doing business with this country that's enabling your ultimate foe climate change. >> i think i understand what you are getting at. [ laughter ] >> bill: even david letterman is pounding al goren othe hypocrisy of making money from big oil. we will show you how gore is being treated by the left-wing media. >>...
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Feb 3, 2013
02/13
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he needs to continue talking about the economy. if you look at the numbers for this week, it's very disturbing just in anticipation of the defense cuts in the sequester we saw a shrinkage in defense spending. it's going to have a considerable dent to consumer demand if this sequester goes through. that is going to be tough for the president to deal with. at the same time because of what michael says the public on these issues, there's a magic moment for immigration reform right now and maybe gun control. those are issues you have to push very hard on and can't lose focus on. those senate democrats up for re-election in red states who he's asking for help on those two issues are going to say come april if those numbers deteriorate you have to know what to do on jobs. you have to talk to americans about the economy. >> before we take a break here, tell me quickly, what is there to be done about the economy that involves congress at this point? >> a lot to be done by the executive branch. basically the unemployment rate of 7.9% is dec
he needs to continue talking about the economy. if you look at the numbers for this week, it's very disturbing just in anticipation of the defense cuts in the sequester we saw a shrinkage in defense spending. it's going to have a considerable dent to consumer demand if this sequester goes through. that is going to be tough for the president to deal with. at the same time because of what michael says the public on these issues, there's a magic moment for immigration reform right now and maybe...
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02/13
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we can barely get the economy to grow. it was 2.4% last year, then 1.8%, if that, maybe even less this year. despite all the stimulus. so the economy is continuing slow, it is not even staying flat. >> so you are saying we are in for several quarters of low growth? >> we hope it is going to be several quarters of low growth. anything can happen in an economy this fragile that can turn it into a recession i don't that would be a double dip recession. >> that's right. it would be. >> is that your prediction? >> no i don't know. >> i know you don't know. where do you think the odds are? >> i think the economy is going to stay very weak and any single event the collapse of the spanish banking system or what have you, any single event will create such a lack of confidence in the economy you'll have a big cut back. >> in what the federal review is saying in view of 2011, should i review that history with you? >> by all means. >> recently released fed minutes show how wrong the fed was in 2011 about the depth of the crisis. they
we can barely get the economy to grow. it was 2.4% last year, then 1.8%, if that, maybe even less this year. despite all the stimulus. so the economy is continuing slow, it is not even staying flat. >> so you are saying we are in for several quarters of low growth? >> we hope it is going to be several quarters of low growth. anything can happen in an economy this fragile that can turn it into a recession i don't that would be a double dip recession. >> that's right. it would...
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economy takes a sharp turn downward in the fourth quarter of two thousand and twelve but wasn't the previous quarter a wildly successful one r.t. takes a look at the accusations the bureau of labor statistics manipulated economic data to benefit president obama's reelection campaign. the question is were you right or wrong that you're pretty straightforward question world however i would like to answer with you right or wrong and then you are free to elaborate just a small piece of a very heated hearing chuck hagel is going on the defense on capitol hill today as one congress member outs or another take shots at his readiness to lead the defense department a look at his this world war of words coming up. it's thursday january thirty first time this mall here in washington d.c. and you're watching r t we begin today taking a look at whistleblowers in america former cia agent john kiriakou was sentenced to thirty months in prison just a few days ago he struck a plea deal and admitted to revealing the identity of a covert officer to a reporter he was originally charged with violating the ass be
economy takes a sharp turn downward in the fourth quarter of two thousand and twelve but wasn't the previous quarter a wildly successful one r.t. takes a look at the accusations the bureau of labor statistics manipulated economic data to benefit president obama's reelection campaign. the question is were you right or wrong that you're pretty straightforward question world however i would like to answer with you right or wrong and then you are free to elaborate just a small piece of a very...
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Feb 1, 2013
02/13
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yes, the economy is growing. yes, with each passing month we're on more sound ground but, you know, i don't think anyone's going to feel really good until unemployment is below 6%. >> and the big issue continues, one of the odd issues has to be consumer confidence. and we're finding in our own polling that there may be a tie to washington gridlock in consumer confidence. because if you look at all of the other private data, housing starts are up, everything looks like it should be in better shape, but consumer confidence from december to january went down. and the intervening event was what? the fiscal cliff. we found in our own polling people feel less confident about the economy when there's no deal in washington. is that what you guys see? >> yeah. i would say it's more dollars and cents than that, though. chuck, you know, the payroll tax holiday went away in january. everyone got their first paycheck in 2013 and said, it's a lot smaller, what's the heck's going on. and that's reflected in the confidence numbe
yes, the economy is growing. yes, with each passing month we're on more sound ground but, you know, i don't think anyone's going to feel really good until unemployment is below 6%. >> and the big issue continues, one of the odd issues has to be consumer confidence. and we're finding in our own polling that there may be a tie to washington gridlock in consumer confidence. because if you look at all of the other private data, housing starts are up, everything looks like it should be in...
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Feb 5, 2013
02/13
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how did it help the economy? a lot, because he got the government out of the way of the economy. >> we trace the life of the 30th president of the united states in "coolidge," sunday night at 8:00. >> during the presidency of her husband james madison, british troops invaded the capital in 1812, she saved a portrait of george washington. meet dolly madison, one of the women who served as first lady. "first ladies, influence and image, their public and private lives and their influence on the president". season one begins presidents' day on february 18. >> the house progressive caucus today unveiled a plan to cancel the automatic spending cuts scheduled to take effect march 1 and replaced those in $900 billion in new tax revenue. congressman keith ellison and representative grijalva are co-chairman of the progressive caucus. >> my name is keith ellison i'm co-chair along with representative gri halla. and members of the group are looking at this fiscal situation that our country is facing and we have a vision of h
how did it help the economy? a lot, because he got the government out of the way of the economy. >> we trace the life of the 30th president of the united states in "coolidge," sunday night at 8:00. >> during the presidency of her husband james madison, british troops invaded the capital in 1812, she saved a portrait of george washington. meet dolly madison, one of the women who served as first lady. "first ladies, influence and image, their public and private lives...
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Jan 31, 2013
01/13
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that's how much money was pumped into this economy in five years. where did it go? did it do any good? i'll break it down, next. ♪ not their short-term agenda. [ male announcer ]oin the nearly 7 million investors who think like you do. face time and think time make a difference. at edward jones, it's how we make sense of investing. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. ♪ >> you know, sometimes it's the numbers that tell the story, and, tonight, there is one number, just one number that tells you everything you need to know about what's wrong with washington's play book. that number? 7.66 trillion, as in dollars, as in taxpayer dollars. now, that's a total of all the stimulus dollars the federal government has used to set this nation's economy back on the right path. 7.66 trillion. that's a lot of money. you know what? it's 49% of our nation's g
that's how much money was pumped into this economy in five years. where did it go? did it do any good? i'll break it down, next. ♪ not their short-term agenda. [ male announcer ]oin the nearly 7 million investors who think like you do. face time and think time make a difference. at edward jones, it's how we make sense of investing. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps...
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it's essential to get the financial economy working for the real economy . this is worth well you must think there's an awful lot of marxists around and i certainly don't count myself a marxist i think everybody recognizes across the political spectrum from quite liberal observers to more social democratic observers that the financial economy has been at the roots of this crisis everybody knows that and i think everybody recognizes too that in order to get the real economy and that's remember the real economy is where people work where value is added and where human needs are responded to to get that back on the road the financial sector has to play its normal role it's perfectly normal of providing finance providing credit and one of the problems we have today is that in addition to try to repair the damage that's been done to the financial sector the financial. sector is still not providing credit to viable enterprises as i go around the world i hear this problem repeated again and again and again how can we get those banks which have money or indeed those
it's essential to get the financial economy working for the real economy . this is worth well you must think there's an awful lot of marxists around and i certainly don't count myself a marxist i think everybody recognizes across the political spectrum from quite liberal observers to more social democratic observers that the financial economy has been at the roots of this crisis everybody knows that and i think everybody recognizes too that in order to get the real economy and that's remember...